House of Representatives Committees

| House of Representatives Standing Committee on Economics

Footnotes

Chapter 1 Introduction

[1]       Australian Government, Explanatory Memorandum, National Consumer Credit Protection Amendment (Home Loans and Credit Cards) Bill 2011, p. 5.

[2]       Australian Government, Explanatory Memorandum, National Consumer Credit Protection Amendment (Home Loans and Credit Cards) Bill 2011, p. 5.

[3]       Australian Government, Explanatory Memorandum, National Consumer Credit Protection Amendment (Home Loans and Credit Cards) Bill 2011, p. 5.

[4]       The Hon. Mr Wayne Swan, Treasurer, House of Representatives Hansard, 24 March 2011, p. 3137.

[5]       Australian Government, Explanatory Memorandum, National Consumer Credit Protection Amendment (Home Loans and Credit Cards) Bill 2011, pp. 5-6.

[6]       The Hon. Mr Wayne Swan, Treasurer, House of Representatives Hansard, 24 March 2011, pp. 3138-9.

[7]       The Hon. Mr Wayne Swan, Treasurer, House of Representatives Hansard, 24 March 2011, p. 3137.

[8]       Australian Government, Explanatory Memorandum, National Consumer Credit Protection Amendment (Home Loans and Credit Cards) Bill 2011, p. 4.

[9]       Australian Government, Explanatory Memorandum, National Consumer Credit Protection Amendment (Home Loans and Credit Cards) Bill 2011, p. 4.

[10]     Mr Richard Brading, Wesley Mission, Committee Hansard, 25 May 2011, Canberra, p. 24.

[11]     Mr Geoff Miller, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 10.

[12]     Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 15.

[13]     Visa, Submission 11, p. 3.

[14]     Ms Karen Cox, Consumer Credit Legal Centre, Committee Hansard, 25 May 2011, Canberra, p. 25.

[15]     Ms Karen Cox, Consumer Credit Legal Centre, Committee Hansard, 25 May 2011, Canberra, p. 26.

[16]     Mr Rod Masson, Finance Sector Union of Australia, Committee Hansard, 25 May 2011, Canberra, p. 44.

[17]     Mr Richard Brading, Wesley Mission, Committee Hansard, 25 May 2011, Canberra, p. 28; Abacus Australian Mutuals (Abacus), Submission 4.1, p. 1.

[18]     Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 36.

[19]     In evidence, Abacus stated that the mutuals sector is less aggressive than banks in relation to credit cards: Mr Mark Degotardi, Abacus, Committee Hansard, 25 May 2011, Canberra, p. 40.

[20]     Consumer Action Law Centre, Submission 12, p. 2.

[21]     Consumer Action Law Centre, Submission 12, p. 2.

[22]     Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 9.

[23]     Mr Christian Mikula, Treasury; Mr Richard Brading, Wesley Mission, and Ms Carolyn Bond, Consumer Action Law Centre; Committee Hansard, 25 May 2011, Canberra, pp. 11 and 28.

[24]     Mr Richard Brading, Wesley Mission, Committee Hansard, 25 May 2011, Canberra, p. 28.

[25]     Ms Carolyn Bond, Consumer Action Law Centre, Committee Hansard, 25 May 2011, Canberra, p. 28.

[26]     Mr Steven Munchenberg, ABA; Mr Richard Brading, Wesley Mission; Committee Hansard, 25 May 2011, Canberra, pp. 17 and 28.

[27]     Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 15.

[28]     Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 18.

[29]     Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 15.

[30]     Mr Christian Mikula, Treasury; Mr David Coorey, National Legal Aid; Ms Karen Cox, Consumer Credit Legal Centre; Committee Hansard, 25 May 2011, Canberra, pp. 37, 25, and 29.

[31]     Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 37.

[32]     Ms Carolyn Bond, Consumer Action Law Centre, Committee Hansard, 25 May 2011, Canberra, p. 30.

[33]     Mr Christian Mikula, Treasury, Committe Hansard, 25 May 2011, Canberra, p. 36.

[34]     Mr Geoff Miller, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 14.

[35]     ABA, submission on exposure draft Bill, p. 1.

[36]     Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 9.

Chapter 2 Analysis of the Bill

[1]       Abacus, Submission 4, p. 2; ABA, Submission 9, p. 11; AFC, Submission 7, p. 2.

[2]       Mr Geoff Miller, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 4.

[3]       Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 5.

[4]       Mr Christian Mikula, Treasury,Committee Hansard, 25 May 2011, Canberra, p. 4.

[5]       Ms Helen Gordon, AFC, Committee Hansard, 25 May 2011, Canberra, p. 33.

[6]       ABA, Submission 9.1, p. 2.

[7]       Abacus, Submission 4, p. 2; ABA, Submission 9, p. 11; AFC, Submission 7, p. 2.

[8]       Ms Helen Gordon, AFC, Committee Hansard, 25 May 2011, Canberra, p. 33.

[9]       AFC, Submission 7, pp. 1-2; GE Capital, Submission 8, pp. 1-2; ABA, Submission 9, pp. 3-4; Visa, Submission 11, pp. 2-3.

[10]     <http://www.alp.org.au/agenda/more---policies/fairer-simpler-banking/> viewed 8 June 2011.

[11]     Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 15.

[12]     ABA, Submission 9, p. 3.

[13]     ABA, Submission 11, p. 3; Ms Helen Gordon, AFC, Committee Hansard, 25 May 2011, Canberra, pp. 38-39.

[14]     Ms Karen Cox, Consumer Credit Legal Centre, Committee Hansard, 25 May 2011, Canberra, p. 23.

[15]     Mr Adam Wand, Visa, Committee Hansard, 25 May 2011, Canberra, p. 37.

[16]     Mr Adam Wand, Visa, Committee Hansard, 25 May 2011, Canberra, p. 37.

[17]     Mr Adam Wand, Visa, Committee Hansard, 25 May 2011, Canberra, p. 39.

[18]     Ms Helen Gordon, AFC, Committee Hansard, 25 May 2011, Canberra, p. 39.

[19]     Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 16.

[20]     Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 16.

[21]     Mr Adam Wand, Visa, Committee Hansard, 25 May 2011, Canberra, pp. 38-39; Visa, Submission 11, p. 1.

[22]     Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 12.

[23]     Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 12.

[24]     Mr Geoff Miller, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 13.

[25]     Treasury, Submission 13, p. 1.

[26]     Ms Karen Cox, Consumer Credit Legal Centre, Committee Hansard, 25 May 2011, Canberra, p. 27.

[27]     Ms Karen Cox, Consumer Credit Legal Centre, Committee Hansard, 25 May 2011, Canberra, p. 26.

[28]     Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 17.

[29]     ABA, Submission 9.1, p. 1

[30]     ABA, Submission 9, p. 8.

[31]     AFC, Submission 7, p. 1.

[32]     Abacus, Submission 4, p. 2.

[33]     Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 9.

[34]     Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 9.

[35]     Mr Adam Wand, Visa, Committee Hansard, 25 May 2011, Canberra, p. 34.

[36]     Weslely Mission, Submission 10, p. [4]; ABA, Submission 9, p. 9.

[37]     Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 9.

[38]     ABA, Submission 9, p. 5; Abacus, Submission 4, p. 3; GE Capital, Submission 8, Appendix pp. 3-4.

[39]     ABA, Submission 9, p 4.

[40]     Abacus, Submission 4, p. 3.

[41]     GE Capital, Submission 8, Appendix pp. 3-4.

[42]     ABA, Submission 9, p. 4; Mr Degotardi, p. 40.

[43]     Mr Luke Lawler, Abacus, Committee Hansard, 25 May 2011, Canberra, p. 40.

[44]     Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 19.

[45]     Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 22.

[46]     Ms Carolyn Bond, Consumer Action Law Centre, Committee Hansard, 25 May 2011, Canberra, p. 25.

[47]     Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p .6.

[48]     Mr Geoff Miller, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 6.

[49]     Mr Stephen Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 22.

[50]     ABA, Submission 9, pp. 6-7.

[51]     ABA, Submission 9, p. 6.

[52]     Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 3.

[53]     Mr Geoff Miller, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 4.

[54]     Ms Helen Gordon, AFC, Committee Hansard, 25 May 2011, Canberra, p. 35.

[55]     Ms Karen Cox, Consumer Credit Legal Centre, Committee Hansard, 25 May 2011, Canberra, p. 26; Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 22.

[56]     Wesley Mission, Submission 10, p. [6].

[57]     Mr Geoff Miller, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 3.

[58]     Wesley Mission, Submission 10, p. [6].

[59]     Ms Helen Gordon, AFC, Committee Hansard, 25 May 2011, Canberra, p. 34.

[60]     Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 16.

[61]     Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 18.

[62]     Mr Richard Brading, Wesley Mission, Committee Hansard, 25 May 2011, Canberra, p. 27.

[63]     Ms Carolyn Bond, Consumer Action Law Centre, Committee Hansard, 25 May 2011, Canberra, p. 27.

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